Technical note | $ON | 1-hour open interest -21.76% | Price -19.64%
Definition: An increase in open interest indicates that new positions are being opened; a decrease indicates that positions are being closed, including both voluntary closures and liquidations.
Common interpretation: High open interest alone is neither bullish nor bearish. It simply means that more positions have been taken and that the two sides are more divided.
Don't change your original plan based solely on a single indicator, and especially don't use borrowed money to test a reading.
Definition: An increase in open interest indicates that new positions are being opened; a decrease indicates that positions are being closed, including both voluntary closures and liquidations.
Common interpretation: High open interest alone is neither bullish nor bearish. It simply means that more positions have been taken and that the two sides are more divided.
Don't change your original plan based solely on a single indicator, and especially don't use borrowed money to test a reading.
